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Apr 22, 2013
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i'm steve kroft. in this edition, we meet two silicon valley billionaires a generation apart who revolutionized the world of computing and the internet. facebook ceo mark zuckerberg and paul allen, microsoft's cofounder. we begin with mark zuckerberg and facebook. if you have a facebook account, you've probably reconnected with an old pal, shared photos with your family, and gotten advice from your friends on what to buy and what to read. but facebook has bigger plans. it wants to turn the entire web into one big social network. lesley stahl first talked with mark zuckerberg in 2008, and three years later, we sat down with mark again. he gave us a preview of his site's new profile page, a change that would affect the 500 million people who were then using facebook, an idea that zuckerberg had cooked up in his dorm room at harvard. >> when you first thought about this--19 years old--is this what you had in mind? did you see this far into the future, or is it way beyond what you dreamed? >> well, it's f
i'm steve kroft. in this edition, we meet two silicon valley billionaires a generation apart who revolutionized the world of computing and the internet. facebook ceo mark zuckerberg and paul allen, microsoft's cofounder. we begin with mark zuckerberg and facebook. if you have a facebook account, you've probably reconnected with an old pal, shared photos with your family, and gotten advice from your friends on what to buy and what to read. but facebook has bigger plans. it wants to turn the...
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Apr 18, 2013
04/13
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that's where it is right now. >> always good, steve. it seems like you have covered all the bases over the past few weeks. we'll talk to you soon. apple options are on the move. josh lipton has that for us at hq. >> we're looking at apple down 2%. staying in the red. be e low 400. i spoke to mark sebastian saying volume is heavy. trading at close to the $10. trading request move close either way between now and tomorrow night. so the pgss traders betting this thing stays very volatile. carl, back to you. >> thanks going to be important to watch, josh. thanks so much. it's a big day for earnings from tech to the consumer. earnings squad is ready to break it down for you. and later on, the public company agains tomorrow. we're live at a park in san diego with a look at whether it will be a whale of a deal. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 milli
that's where it is right now. >> always good, steve. it seems like you have covered all the bases over the past few weeks. we'll talk to you soon. apple options are on the move. josh lipton has that for us at hq. >> we're looking at apple down 2%. staying in the red. be e low 400. i spoke to mark sebastian saying volume is heavy. trading at close to the $10. trading request move close either way between now and tomorrow night. so the pgss traders betting this thing stays very...
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Apr 23, 2013
04/13
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everyone knows what this play is all about. >> go ahead, steve. fight back. >> well, congressman, wasn't john boehner in the room? wasn't mitch mcconnell present for this sequester? >> absolutely. >> so why are you saying it's the president's deal? >> it was the president's idea. and he just signed a bill -- >> have you guys -- >> to lock in these sequester levels. >> by the way, that's not true, steve. hold on a second. all these guys on the appropriations committee in both the senate and the house have offered to liberalize rules for sub accounts. by the way, the administration has a lot of leeway on sub accounts. guy benson, i come to you again. okay, i'm in favor of the darn sequester. it's not perfect. but some place, sometime, you've got to cut spending and i would rather do that than raise taxes. >> i agree with that, but do it in a slightly smarter way. >> that's what i'm asking. >> they passed laws that would replace sequester. the president, his idea. he signed it into law. >> how did it pass congress? >> bipartisan basis. and then senat
everyone knows what this play is all about. >> go ahead, steve. fight back. >> well, congressman, wasn't john boehner in the room? wasn't mitch mcconnell present for this sequester? >> absolutely. >> so why are you saying it's the president's deal? >> it was the president's idea. and he just signed a bill -- >> have you guys -- >> to lock in these sequester levels. >> by the way, that's not true, steve. hold on a second. all these guys on the...
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Apr 22, 2013
04/13
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fundamental side, steve cortez, founder of veracruz and a cnbc contributor. steve, this is a fundamental story. would you sink $2 billion into microsoft right now? >> if i had $2 billion i certainly would put it in there right now. i think for the first time in a heck of a long time microsoft is actually a really intriguing story here. i think that this long, lumbering whale is about to start swimming like a shark. when you look at its products, there's a lot to get excited about. whether it's windows 8 and the prospects there in mobile and in tablet. the skype acquisition i think was brilliant. there's much more growth there. i think the easiest place to see just how finally cutting edge microsoft has become is in gaming. and the things that are ahead for thexbox. particularly xbox live. >> carter, let's look at the chart. this was dead money for a long time. what about now? >> that's right. so the chart's appealing in the sense that there's a lot of wisdom in price action. the stock has been moving up since december. and what's also important is that it's b
fundamental side, steve cortez, founder of veracruz and a cnbc contributor. steve, this is a fundamental story. would you sink $2 billion into microsoft right now? >> if i had $2 billion i certainly would put it in there right now. i think for the first time in a heck of a long time microsoft is actually a really intriguing story here. i think that this long, lumbering whale is about to start swimming like a shark. when you look at its products, there's a lot to get excited about. whether...
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Apr 18, 2013
04/13
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steve in north carolina today. steve, good morning. >> hey, good morning, becky. here with jeff lacker in charlotte at the symposium where i attended seven years ago, president lacker and i got news how serious the crisis was. >> we learned a lot at that conference. it was great bringing policy practitioners, industry practitioners together to talk about issues related to credit markets. they were certainly at the center of things in '07 and 08. there's been some recent feeling like we've been here before. how much are you concerned about the recent jobs report. do you know what the number is going to be yet? >> no, i don't. >> how much concern do you have for the economy? >> i've said for a year or more this looks like a low trend of about 2%. it still looks consistent with that. we have numbers that were positive, unexpectedly good, especially for consumer spending in the first couple of months. that seems to soften a little bit at the end of the quarter. still it looks like 2%. we are going to see swings around that. the longer we go around this trend the more
steve in north carolina today. steve, good morning. >> hey, good morning, becky. here with jeff lacker in charlotte at the symposium where i attended seven years ago, president lacker and i got news how serious the crisis was. >> we learned a lot at that conference. it was great bringing policy practitioners, industry practitioners together to talk about issues related to credit markets. they were certainly at the center of things in '07 and 08. there's been some recent feeling like...
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Apr 22, 2013
04/13
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steve pagliuca gives us a live cnbc exclusive after the break. moment of truth. what will the busiest week of earnings season mean for stocks? we're going have the trader it is it's time to get bullish. >>> apple's big day is tomorrow. can it report a turn around and turn around the beaten down tech sector and the big money is betting on gold. should you be, too? our traders are going to weigh in at the top of the hour, carl. >> welcome back, scott wapner back at hq. >>> boston sports teams have been showing their support in the wake of the marathon bombing. celtics put together multiple initiatives to assist the marathon victims. celtics shamrock foundation is committed to raising $200,000 to support the one fund boston which will provide for the families effected by the tragedy. we're joined this morning by steve pagliuca, co-owner of the celtics and imagine director at bain capital. bain pledged $1 million to the one fund. good to have you back. welcome. >> great to be here, carl. >> i don't need to tell you we've all been thinking about you and your city. you
steve pagliuca gives us a live cnbc exclusive after the break. moment of truth. what will the busiest week of earnings season mean for stocks? we're going have the trader it is it's time to get bullish. >>> apple's big day is tomorrow. can it report a turn around and turn around the beaten down tech sector and the big money is betting on gold. should you be, too? our traders are going to weigh in at the top of the hour, carl. >> welcome back, scott wapner back at hq. >>>...
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Apr 23, 2013
04/13
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said he was doing a fabulous job taking over steve jobs. now already people are talking about pressure on tim cook. is apple going to make a change? first, how much time does he have? will shareholders give him that time if apple has to reengineer and move forward here? >> i don't think he is under any threat. i think he's carrying out some of the strategies of his predecessor. of course after steve jobs's demise, you have a situation where people saying he's not as good, not as creative, not as in native. that may or may not be the case. but i think he's running a pretty tight ship. if he would still alive he would still face some of these criticisms. i think he's safe. >> paul, we don't talk about the computer size much. iphones dom name here's my problem with apple in a sense. they seem to be cannibalizing themselves. i can get a 64 gig ipad for $699, throw in a $100 laptop and now i have a macbook air, and they tell for $999. so why buy the air? there's fear they may do this with phones a lot of people can't afford $400 so they come out
said he was doing a fabulous job taking over steve jobs. now already people are talking about pressure on tim cook. is apple going to make a change? first, how much time does he have? will shareholders give him that time if apple has to reengineer and move forward here? >> i don't think he is under any threat. i think he's carrying out some of the strategies of his predecessor. of course after steve jobs's demise, you have a situation where people saying he's not as good, not as creative,...
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Apr 23, 2013
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in the post-steve jobs era they've been riting the if factor for a long time. the ipad is really still the it. the iphone, the sales will be really strong, but consumers are hankering for a third product. is it a watch? is it a tv is it a pedometer? we're not sure, and like the -- >> a pedometer really gets my juices flowing. >> that's what we thought about. >> molly, let me turn to you. my hunch is -- all right. you want to do that right here? all right. we're going to interrupt right here. we want to point out something we've been following, an a.p. twitter feed has been hacked. it partly explains the unusual activity in the dow that sue just described where the dow really cascaded before zipping right back. the reason it did that was an a.p. twitter feed indicated that the white house had been the victim of a bombing, or an explosion. in fact, two explosions, and that the president had in fact been injured. the a.p. has now said that they are -- they are the victims of some sort of hack attack. there you see jay carney in the white house briefing room, the p
in the post-steve jobs era they've been riting the if factor for a long time. the ipad is really still the it. the iphone, the sales will be really strong, but consumers are hankering for a third product. is it a watch? is it a tv is it a pedometer? we're not sure, and like the -- >> a pedometer really gets my juices flowing. >> that's what we thought about. >> molly, let me turn to you. my hunch is -- all right. you want to do that right here? all right. we're going to...
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Apr 22, 2013
04/13
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steve jobs was. i think the new guy is a lot better. >> another part of the management team, he was passed over that job for the ceo. his contract comes up in june. if you go into any of the stores, there's a massive discounting going on. >> stock is down 20 bucks -- >> but here's my -- >> the gavel came down, didn't it? >> when i was sitting next to you, what bag were you wearing? not a coach. if you love coach, you'd be owning a coach. >> we want to go overtime a little bit. we're going to the desk. joe terranova, who made the more compelling argument? >> simon was very aggressive on the arguments that he made. and i'm actually -- >> did they matter? were they compelling? >> i think they do matter. and i do think there certainly are secular challenges ahead for coach. the one thing, the one potential thing -- this is only from my personal trading loss in kors right now -- a lot of money had been going into kors that didn't want to be in coach. it's coming out of kors. maybe that works for coach. th
steve jobs was. i think the new guy is a lot better. >> another part of the management team, he was passed over that job for the ceo. his contract comes up in june. if you go into any of the stores, there's a massive discounting going on. >> stock is down 20 bucks -- >> but here's my -- >> the gavel came down, didn't it? >> when i was sitting next to you, what bag were you wearing? not a coach. if you love coach, you'd be owning a coach. >> we want to go...
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Apr 23, 2013
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do you remember the steve jobs? he had pizazz. >> tim cook have pizazz? >> is he more of a coo than a ceo as some suggested on this show yesterday? >> pizazz? where are you going to get this pis as? >> i don't know. i don't work at apple. i just want to see some pizazz. i want to see some reed hastings and underpromising and then blow me away. my takeaway from netflix, how can can i not be watching "house of cards" and i'm not missing "arrested development" and that's all there is to it. do you remember when "the sopranos" came out? all of a sudden, i have to get hbo. i have to pay up because you come in on monday and everyone had "the sopranos." what do i do? i guess i have to subscribe. i feel the same way. >> you and i were both watching "the wire." they did the program that was cerebral that people now watch. >> and alpha house, the new series from amazon is going to work. >> amazon doesn't like to be bested. >> i like to see apple be feisty. >> you like to see them watch something big. >> it's okay to buy someone who is better than you are. the reall
do you remember the steve jobs? he had pizazz. >> tim cook have pizazz? >> is he more of a coo than a ceo as some suggested on this show yesterday? >> pizazz? where are you going to get this pis as? >> i don't know. i don't work at apple. i just want to see some pizazz. i want to see some reed hastings and underpromising and then blow me away. my takeaway from netflix, how can can i not be watching "house of cards" and i'm not missing "arrested...
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Apr 24, 2013
04/13
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steve jobs was here to do tv, i might think about it. i like the idea that it's now a value stock with a $380 billion market cap. it's second only to exxon but now a value stock. it's weird. i always called it a gadget maker but people said they qu t quieted fears that its gadgets. it's a gadget maker with the biggest market cap in the country next to exxon. >> this he also have an operating system in place. you see what they are talking about with itunes for on demand. and don't forget icloud. they have stores so if your smartphone has a problem, you see an apple expert, samsung doesn't have that. >> best buy messed that up. that does work i guess. is ron johnson going back? they went let him back. >> john, thank you for joining us today. >> thank you. >> i almost said those two words again. those two words fit to any situation. >> east coast they fit together? >> the first two. when he finished i was going to say -- then i could have said it and it would have typified what i was feeling, right? i wish those words were legal. they're no
steve jobs was here to do tv, i might think about it. i like the idea that it's now a value stock with a $380 billion market cap. it's second only to exxon but now a value stock. it's weird. i always called it a gadget maker but people said they qu t quieted fears that its gadgets. it's a gadget maker with the biggest market cap in the country next to exxon. >> this he also have an operating system in place. you see what they are talking about with itunes for on demand. and don't forget...
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Apr 17, 2013
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rebecca patterson and steve berdoni of forbes, both going to be here to talk about the recent moves in commodities, metals and markets. stay tuned to "squawk." more coming up. >>> time for verizon to report earnings. will the company meet, beat, or miss estimates? log on to our facebook page and cast your vote. results are out tomorrow morning. and then we reveal the results of our poll. it's armchair analyst. and it's only on "squawk box." i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready real business. >>> wow. perfect tortillas. did you see that? not everyone saw that. it was a local. but a perfect way to make tortillas. i'm going to order that. checking the futures right now. we come bac
rebecca patterson and steve berdoni of forbes, both going to be here to talk about the recent moves in commodities, metals and markets. stay tuned to "squawk." more coming up. >>> time for verizon to report earnings. will the company meet, beat, or miss estimates? log on to our facebook page and cast your vote. results are out tomorrow morning. and then we reveal the results of our poll. it's armchair analyst. and it's only on "squawk box." i know what you're...
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Apr 19, 2013
04/13
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i was actually most concerned about steve cooper your reporter because i knew he was running the marathon and he was finishing in that time and i was trying to get in touch with him. you know what, miles? was your family there waiting for you there at the finish line? >> they were closer to coolidge corner. >> well, i guess your family was out there, like so many families were and we certainly know the horror. for example, the richard family, bill richard, the father ran the marathon. >> his son martin, killed and his daughter losing a limb and his wife gravely injured. you're a husband and you're a father and you ran the race. i mean, it's hard to even imagine what this family is going through, but you know, you know, you were in a situation where your family was out there and these terrorists -- >> that's our boston affiliate whbh what they're calling a search for a gray honda. we've heard of searches of trains as officials are apparently on the lookout for some accomplices other than the suspects that are related to the bombing itself. >> let's bring in now greg steinbrecker who is a r
i was actually most concerned about steve cooper your reporter because i knew he was running the marathon and he was finishing in that time and i was trying to get in touch with him. you know what, miles? was your family there waiting for you there at the finish line? >> they were closer to coolidge corner. >> well, i guess your family was out there, like so many families were and we certainly know the horror. for example, the richard family, bill richard, the father ran the...